Machinery

Brunswick Rail Leasing (Russia) plans to buy at least 2 thsd railcars from Stakhaniv Railcar Works [SVGZ UZ, BUY], from amongst its production in 2009.

The Bogdan Corporation and the Skoda Transportation Company (Czech Republic) have established a joint company "Bogdan" - Skoda Transportation".

The State Property Fund (SPF) plans to sell its 11% stake in the Mariupol Heavy Machinery [MZVM UZ, BUY].

Stakhaniv Railcar Works [SVGZ UZ, BUY], at their EGM on October 06, has approved a share issuance that was held from July 08 to July 29 of this year.

President Viktor Yushchenko effectively unblocked the privatization of a number of large Ukrainian state-controlled companies, the details of which are which are outlined in Decree #874 and #878, both dated September 29.

The State Property Fund (SPF) of Ukraine has announced the illegitimacy of the decision made earlier by Ukraine’s Cabinet of Ministers about transferring the controlling stake in AZOVMASH to the Cabinet of Ministers.

AZOVMASH intends to deliver a converter with a capacity of 140 metric tons to the metallurgical company "Dunafer" by 2010.

Ukraine’s Cabinet of Ministers made a decision to take the state’s corporate rights in AZOVMASH into its hands.

Since the beginning of the year, AZOVMASH, the leader of heavy machinery in Ukraine, has demonstrated UAH 4.5 bln in sales.

Motor Sich [MSICH UZ, U/R], the only Ukrainian company that is engaged in the development, production, testing and repair of modern aviation engines, plans to open an engine repair plant in the city of Dubne (Russia) before the end of the year.